According to data from payroll services provider ADP Employer services, US companies cut 39,000 jobs in August. The median estimate of 37 economists surveyed by Bloomberg News called for a gain of 20,000. Forecasts ranged from a decline of 44,000 to a 75,000 increase.
Ã¢â‚¬Å“Although labor conditions remain weak, we anticipate further improvement taking hold in the coming months as conditions gradually improve,Ã¢â‚¬Â Maxwell Clarke, chief U.S. economist at IDEAglobal in New York, said before the report.
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